Gpf Woodson Park Nmtc Inc

Organization Overview

Gpf Woodson Park Nmtc Inc is located in Atlanta, GA. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gpf Woodson Park Nmtc Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Gpf Woodson Park Nmtc Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 34.8% each year . All expenses for the organization totaled $1.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CORPORATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF HOLDING TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PARKWAY NW, ATLANTA, GA, 30318.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION'S SUPPORTED ENTITY, GROVE PARK FOUNDATION, INC. IS CONSTRUCTING A NEW SCHOOL BUILDING FOR WOODSON PARK ACADEMY, WHICH IS LOCATED WITHIN A CENSUS TRACT THAT IS ELIGIBLE FOR THE NEW MARKET TAX CREDIT ("NMTC") PROGRAM. IN OCTOBER 2019, GPF ENTERED INTO A SERIES OF AGREEMENTS AND TRANSACTIONS WITH A CERTIFIED COMMUNITY DEVELOPMENT ENTITY, ("CDE") AND AN INVESTMENT FUND AFFILIATED WITH A COMMERCIAL BANK. THE FOUNDATION FORMED GPF WOODSON PARK NMTC, INC. ("GP WP NMTC") TO FACILITATE THE TRANSACTION, BY ISSUANCE OF FOUR NOTES PAYABLE TOTALING TO $20,700,000 WITH AN INTEREST RATE OF 1.00% PAID ANNUALLY STARTING IN 2028. THE ORGANIZATION WILL CARRY DEBT AND HOLD TITLE TO REAL PROPERTY LOCATED AT 1605 DONALD LEE HOLLOWELL PARKWAY, NW ATLANTA, GA 30318. WHEN COMPLETED, THE ORGANIZATION WILL TRANSFER THE PROPERTY TO GROVE PARK FOUNDATION, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Debra Edelson
Executive Director (end 8/21)
$0
Gavin Mcguire
Executive Director
$0
Dale Royal
Director
$0
Carol Naughton
Director
$0
Janita Green
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Carroll Daniel Construction Company
Construction
$27,134,628
Collins Cooper Carusi Architects Inc
Architecture
$343,441
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$1,801,863
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,801,863
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,809,363

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Gpf Woodson Park Nmtc Inc has recieved totaling $12,199,103.

Awarding OrganizationAmount
Grove Park Foundation Inc

Atlanta, GA

PURPOSE: OPERATIONAL SUPPORT

$12,199,103
View Grant Recipient Profile

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